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Red Hill Minerals Limited (ASX:RHI)

ALERT: Price-sensitive ASX Announcement for RHI
Current share price for RHI : $4.630 0.02 (0.43%)+
Announcement
Release
30 Jul 2026 11:01AM
Price at Release
$4.610
Full Release
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Summary
Red Hill Minerals Limited's Quarterly Activities Report for the quarter ended 30 June 2026 highlights significant developments in various projects, including the completion of diamond drilling at the Anabama Project, which confirmed copper-gold-silver mineralisation at depth. The company earned a 75% interest in the Curnamona Joint Venture and extended its mineral exploration reach with the grant of the Cronje Dam tenement. Red Hill also reported a strong financial performance with $28.8 million in royalty revenue for FY26 and a cash balance of $62.8 million at the end of the quarter. The Onslow Iron Project is expected to exceed its production capacity in FY27, aided by improved shipping infrastructure. Appendix 5B cash flow report indicates a positive net cash flow from operating activities, underscoring the company's stable financial health.
Key Points
  • Red Hill Minerals earned a 75% interest in the Curnamona Joint Venture with Peel Far West Pty Ltd.
  • Significant progress in the Anabama Project with diamond drilling to test copper-gold-silver mineralisation.
  • Received $28.8m in royalty revenue for FY26, primarily from the Onslow Iron Project.
  • Anticipated production for FY27 expected to exceed nameplate capacity due to increased shipping capacity.
  • Successful grant of the Cronje Dam tenement, extending the Anabama-Redan Shear Zone coverage.
  • Completion of an RC drilling program in the West Pilbara targeting gold and base metals.
  • A strong cash position with $62.8m reported at the end of the June 2026 quarter.
  • Appendix 5B cash flow report details net cash from operating activities at $5,127,000 for the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.